Insurance Underwriter

Job Description

As an Insurance Underwriter, you will evaluate and assess risk for insurance applications, determining appropriate coverage levels and premiums. This role requires strong analytical skills and a keen understanding of market trends and regulations. You will work closely with brokers and clients to ensure that all underwriting standards are met and maintained.

Responsibilities

• Assess and interpret various data sources to aid decision-making.
• Implement underwriting tools and software for efficiency.
• Review and refine underwriting policies and procedures.
• Coordinate with claims department to understand claim trends.
• Participate in underwriting meetings to discuss cases and strategies.
• Provide training and support to junior underwriters.
• Respond to queries related to underwriting and risk management.
• Prepare valuation reports and present findings to stakeholders.
• Actively participate in audits and compliance checks.

Requirements

Education

• Bachelor's degree in Economics or related field
• Further qualifications in insurance or finance would be an advantage

Experience

• 4+ years of underwriting experience in the insurance sector

Technical Skills

• Market Research
• Negotiation

Soft Skills

• Customer Service
• Time Management

Certifications

• CPCU (Chartered Property Casualty Underwriter)
• LOMA Certificate in Underwriting

Languages

• English: Fluent

Advantageous

• Familiarity with underwriting software tools: Knowledge of tools like Guidewire and Duck Creek is a plus.
• Proficiency in financial modelling: Ability to create and interpret financial models for risk assessment.

Benefits

• Comprehensive health benefits including mental health support
• Flexible working hours and remote working options
• Professional development and training opportunities
• Employee wellness programmes and initiatives

Company Culture

• Diversity and Inclusion: We are committed to fostering a diverse and inclusive workplace.
• Work-Life Balance: We prioritize a healthy work-life balance for all our employees.
• Empowerment: We empower our employees to take initiative and make decisions.